Ieq Capital LLC Purchases 566 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Ieq Capital LLC grew its position in Zillow Group, Inc. (NASDAQ:ZG) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,123 shares of the technology company’s stock after purchasing an additional 566 shares during the quarter. Ieq Capital LLC’s holdings in Zillow Group were worth $859,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC bought a new stake in Zillow Group in the 4th quarter valued at $47,000. Versant Capital Management Inc bought a new stake in Zillow Group in the 4th quarter valued at $72,000. Pinpoint Asset Management Ltd bought a new stake in Zillow Group in the 3rd quarter valued at $95,000. Finally, Walleye Capital LLC bought a new stake in Zillow Group in the 3rd quarter valued at $212,000. Institutional investors own 20.32% of the company’s stock.

Insider Activity

In related news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,663 shares of company stock worth $4,004,931 over the last ninety days. Insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $74.72 on Wednesday. The company has a market capitalization of $18.12 billion, a P/E ratio of -158.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09. The company’s 50 day moving average price is $75.16 and its two-hundred day moving average price is $67.78. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. DA Davidson boosted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Piper Sandler reduced their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Stephens restated an “overweight” rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Craig Hallum boosted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.